Business News

Management team of China's Meituan Dianping, an online food delivery-to-ticketing services platform, attend a news conference on its IPO in Hong Kong, China September 6, 2018.

China's Meituan Dianping confirms $4.4 billion Hong Kong IPO plans

Meituan does not have big plans to expand overseas in the near future and will focus on the domestic market, its co-founder and chief executive, Wang Xing,

Sep 6, 2018

By Reuters

Workers from ScanDrill Ltd clamp together pieces of pipe while drilling an oil well for Jagged Peak Energy Inc near Fort Stockton, Texas.

Oil dips on emerging market turbulence, but looming Iran sanctions support

U.S. West Texas Intermediate (WTI) crude futures were at $68.59 per barrel at 0645 GMT, down 13 cents, or 0.2 percent, from their last settlement.

Sep 6, 2018

By Reuters

Singapore: Police arrest 6 men for selling counterfeit items, 45 fake gold bars seized

China's hidden gold reserves to 'kill US dollar' ?

No one knows for sure if China has 20,000 tons of gold in reserves. But if indeed it has that deep a gold reserve, Beijing can take on the US dollar by using gold for international trade.

Sep 6, 2018

By Jacob Nelly

Facebook to invest S$1.4 billion in first Asian data centre in Singapore

The 11-storey data centre is 170,000 square meter and will "support hundreds of jobs", says the social media giant Facebook.

Sep 6, 2018

By Reuters

Facebook

Asia's strong jet fuel margins at risk from high cost to airlines

Asian jet cracks are currently around $16 a barrel over Dubai crude, while jet prices are close to their highest levels since December 2014.

Sep 5, 2018

By Reuters

Asia stocks rise before central bank meetings, oil bounces

Asian currencies largely stationary as U.S. tariff news awaited

Risk appetites for emerging markets were largely subdued ahead of employment numbers from the United States later in the week.

Sep 5, 2018

By Reuters

Cranes can be seen on a construction site at the inner-city suburb of Barangaroo, the site of the Australian casino operator Crown Resorts new Sydney waterfront resort, with the Sydney Opera House located on Sydney Harbour in Australia, August 9, 2018. RE

Australia's economy storms ahead to best growth in six years

The rousing result marked the 27th year without recession, a remarkable feat given an ever-changing procession of prime ministers.

Sep 5, 2018

By Reuters

How Amazon became second American company to make $1 trillion?

Amazon has followed Apple's footstep to become the second United States' company to reach $1 trillion mark in stock-market value

Sep 5, 2018

By Viraj Mahajan

China's Xi Jinping says Belt and Road Initiative needs to reject protectionism, 30 leaders agree to support

Chinese President Xi Jinping offers $60 billion aid; move to curb Indian presence in Africa

India has a strong presence in the continent with around 140 Indian companies having invested close to $4 billion in South Africa.

Sep 5, 2018

By Ashish Shukla

World stocks slip for third day as trade, emerging market worries nag

European shares mostly opened lower .GDAXI .FCHI while in Asia, MSCI's broadest index of shares outside Japan .

Sep 3, 2018

By Reuters

Workers install the chassis along a production line at a truck factory of Anhui Jianghuai Automobile Co. Ltd (JAC Motors) in Hefei, Anhui province

Asian factories feel pinch from escalating trade conflict

Surveys of purchasing managers released on Monday showed persistent pressure on key exporting destinations China, Japan and South Korea.

Sep 3, 2018

By Reuters

China August manufacturing growth slows to 14-month low: Caixin PMI

The gloomy findings reinforce views of a further cooling in China's economy in coming months, as the United States ramps up tariffs on Chinese goods.

Sep 3, 2018

By Reuters

Investors monitor stock market prices in Kuala Lumpur

Asian stocks dip on trade, emerging market woes

Donald Trump said last week he is ready to implement the new tariffs as soon as a public comment period on the plan ends on Thursday.

Sep 3, 2018

By Reuters

president-trump-announces-separate-u-s-mexico-trade-agreement

Trump says Canada not needed in NAFTA deal, warns Congress not to interfere

Trump on Friday notified Congress of his intent to sign a bilateral deal with Mexico, after contentious talks with Canada ended.

Sep 2, 2018

By Reuters

Wipro wins biggest ever contract, over $1.5 billion

Wipro said it would earn $1.5-1.6 b in revenues over the tenure of the deal, which will include services in health, human resources and finance for Illinois-based Alight Solutions.

Sep 2, 2018

By Reuters

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